The United States saw an uptick in people quitting their jobs from September to October, according to new data from the U.S. Bureau of Labor Statistics.
The article from Newsweek discusses a significant trend in the U.S. labor market known as the "Great Resignation," where a record number of Americans are quitting their jobs. This phenomenon, which started gaining attention in 2021, has continued into 2023, with over 4 million workers resigning each month. The reasons for this mass exodus include dissatisfaction with work conditions, low pay, lack of advancement opportunities, and a reevaluation of life priorities post the global health crisis. Sectors like hospitality, healthcare, and retail have been hit hardest. The article highlights that while some are leaving the workforce entirely, many are switching to better jobs, reflecting a shift in worker leverage and expectations. This trend has led to labor shortages in various industries, prompting employers to offer higher wages, better benefits, and more flexible working conditions to retain and attract employees.
Business & Finance
Wed, December 11, 2024 
